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The trend component in time series analysis represents the long-term progression or movement of data points over time. Unlike seasonal patterns, which repeat at regular intervals, the trend is a smooth and continuous component that reflects the overall direction of the data, either upward or downward. It captures sustained increases, decreases, or plateaus and can be observed over months, years, or even decades, depending on the data. Trends are essential for understanding broad changes in data that transcend short-term variations, providing insight into fundamental shifts, such as market growth or economic recession, which are crucial for long-term forecasting and planning. The other options are incorrect because: • Option 1 (Seasonality) refers to patterns that repeat at fixed intervals, such as monthly or quarterly, and does not capture long-term data direction. • Option 3 (Cyclic) captures patterns in data that are not regular or consistent in intervals like trend but may occur in economic cycles. • Option 4 (Residual) refers to the random, unpredictable component remaining after accounting for trend and seasonality. • Option 5 (Stationarity) is a characteristic required for many models but is not a data component itself.
In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they se...
Statements:
Only a few Beautiful is Intelligent.
Only a few Smart is Beautiful.
No Smart is Honest.
Conclusion:
I. No...
Statements: All covers are glasses.
Some caps are covers.
No cup is a cap.
Conclusions: I. Some cups are not...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements:
All Water are Milk
Some Lassi are Milk
All Tea are Water
Only a few Coke are Lassi
Conclusi...
Statements : All one are two.
All three are two.
...
Statements:
Only subjects is notes.
Some subjects are topic.
Some topic are papers.
No topic is index.
Conclusions
Statement : 75 % Minutes are Watch
Few Watch are Hour
All Hour are Month
Conclusion
I. Mostly Minutes are hour
...Statements:
Some bangles are necklaces.
No necklace is a ring.
Only a few rings are anklets.
All anklets are earrings.
<...Statement:
I) No A is B
II) No B is C
III) Some D are C
IV) All D are E
Conclusion:
I) Some E are not D
II) Some A are C
III) No C is A